Raymond James Reiterates Market Perform Rating for Intapp (NASDAQ:INTA)

Intapp (NASDAQ:INTA)‘s stock had its “market perform” rating reissued by investment analysts at Raymond James in a report released on Friday, MarketBeat reports.

Several other research firms have also recently issued reports on INTA. Stifel Nicolaus upped their price target on Intapp from $70.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price (up previously from $46.00) on shares of Intapp in a research report on Tuesday, November 5th. Truist Financial increased their price objective on Intapp from $55.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price target on Intapp from $58.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Barclays boosted their target price on shares of Intapp from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.64.

Intapp Stock Up 0.8 %

NASDAQ:INTA opened at $64.63 on Friday. The business’s 50 day moving average is $61.16 and its two-hundred day moving average is $48.15. Intapp has a 52 week low of $30.36 and a 52 week high of $71.34. The company has a market cap of $5.00 billion, a PE ratio of -222.86 and a beta of 0.74.

Intapp (NASDAQ:INTA) last posted its earnings results on Monday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.13 by $0.08. Intapp had a negative net margin of 4.74% and a negative return on equity of 2.08%. The firm had revenue of $118.81 million during the quarter, compared to analysts’ expectations of $117.88 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. Intapp’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts expect that Intapp will post -0.14 EPS for the current fiscal year.

Insider Activity at Intapp

In other news, CMO Scott Fitzgerald sold 3,000 shares of Intapp stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $63.53, for a total value of $190,590.00. Following the transaction, the chief marketing officer now owns 42,212 shares in the company, valued at approximately $2,681,728.36. This trade represents a 6.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ralph Baxter sold 9,289 shares of Intapp stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $70.14, for a total transaction of $651,530.46. Following the sale, the director now directly owns 9,441 shares in the company, valued at $662,191.74. This trade represents a 49.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 409,624 shares of company stock valued at $24,909,164. 13.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intapp

Several large investors have recently modified their holdings of INTA. Farther Finance Advisors LLC raised its holdings in Intapp by 1,054.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 577 shares of the company’s stock worth $28,000 after purchasing an additional 527 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Intapp during the third quarter valued at approximately $54,000. Financial Management Professionals Inc. acquired a new position in Intapp during the third quarter worth $57,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Intapp in the 3rd quarter worth about $64,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Intapp by 59.1% in the third quarter. Advisors Asset Management Inc. now owns 1,397 shares of the company’s stock worth $67,000 after purchasing an additional 519 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Intapp Company Profile

Intapp, Inc, through its subsidiary, Integration Appliance, Inc, provides industry-specific cloud-based software solutions for the professional and financial services industry in the United States, the United Kingdom, and internationally. Its solutions include DealCloud, a deal and relationship management solution that manages financial services firms' market relationships, prospective clients and investments, current engagements and deal processes, and operations and compliance activities; collaboration and content solutions, including Intapp documents, an engagement-centric document management system, and Intapp workspaces; risk and compliance management solutions, such as Intapp conflicts, Intapp intake, Intapp terms, Intapp walls, and Intapp employee compliance; and operational and financial management solutions comprising Intapp Billstream, a cloud-based automated proforma invoice solution, Intapp time, and Intapp terms.